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प्रश्न
The monopolist's downward sloping demand curve means that it can increase sales only by changing a lower price.
पर्याय
True
False
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उत्तर
This statement is True.
Explanation:
A monopolist faces a downward-sloping demand curve, which means in order to boost sales, the monopolist must lower the price. This is because, in a monopoly, the firm is the only source of the goods, and if it wants to sell more, it must lower the price to attract more buyers, as it cannot sell an unlimited number at a high price.
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संबंधित प्रश्न
'Homogeneous products' is a characteristic of ______.
Differentiated products is a characteristic of ______.
A market where homogeneous products are sold with no control over price by an individual firm or a buyer is ______.
Why is there no need for selling cost under perfect competition?
Identify the market form for the following:
Telecom industry in India.
Identify the market form for the item given below:
Homogeneous goods
Explain the main characteristics of a monopoly.
Why can a monopolist charge different prices in different markets?
What is meant by the term ‘price taker’?
Why are selling costs incurred?
